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The Association of Bermuda International Companies (Abic) has expressed its concern that Bermuda will remain on a European Union grey list until October despite having done what was needed to satisfy the OECD’s Forum for Harmful Tax Practices (FHTP)....

CargoJet, “Canada’s cargo airline“, has apologised for the rash of delays and service interruptions that has left Bermuda importers in the lurch on more than one occasion recently. The company vowed to take steps to replace faulty jets used in its Be...

Bermudian-based Liberty Group Limited has appointed Azeem Khan as managing director of its wholly owned subsidiary, AG Holdings Limited. The company said Mr Khan is an operational executive with more than 20 years of experience in operations, busines...

Digicel and the Sargasso Group are teaming up for Pronto, a new joint venture, promoting innovation and technological development. Pronto offers shelf-stable grocery categories such as household care, snacks, personal care, and packaged foods along w...

Bermudian-based Teekay Tankers Ltd, one of the world’s largest owners and operators of mid-sized crude oil tankers, has reported losses for both the fourth-quarter and full fiscal year 2021. The company said its fourth-quarter GAAP net loss was $39.8...

Legacy specialist Darag Group, which has an operation in Bermuda, has appointed Andrew Pryde to the new role of group chief risk officer, subject to regulatory approvals. Based in London, Mr Pryde will report to group chief executive officer Tom Boot...

A year after its launch, global re/insurer SiriusPoint Ltd says it is “just getting started”. The Bermudian-headquartered company debuted on February 26 last year as one of the first fully formed re/insurers of the Class of 2020, following the merger...

The Chamber of Commerce’s Annual Budget Breakfast, normally scheduled the Monday after the Budget Statement is delivered, has been postponed until Thursday. Chamber chief executive officer Kendaree Burgess said: “The Bermuda Chamber of Commerce apolo...

Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, AM Best believes. The rating agency said this is probable, especially given the significant fallout in the capital markets and potenti...

Bermudian-based holding company Assured Guaranty Ltd has reported net income of $389 million in fiscal year 2021. That includes a $175 million pre-tax ($138 million after-tax) loss on debt extinguishment resulting from the voluntary early redemption ...